Time Traps In 1st-Party Property Policies: Part 2

Law360, New York (February 20, 2014, 4:36 PM EST) -- My last article, “Time Traps In 1st-Party Property Policies: Part 1,” discussed common property policy deadlines for complying with certain conditions, or otherwise preserving your rights with respect to an insurance claim. The article also noted that failure to comply with such deadlines can result in a complete forfeiture of coverage or at a minimum lead to a protracted and costly coverage dispute, and provided some practical suggestions for dealing with situations where strict compliance may not be possible or practicable.

This article discusses other common...
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